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A new Web Marketing ROI Calculator - Part 1
In the beginning, search engine marketers were only concerned about top 10 rankings. Do you remember those days' Then, as things progressed and we began to work "smarter," we began to take note of how those top 10's were actually converting to traffic and sales.
After all, in any marketing campaign, the true bottom line should be your ROI, the return on your investment. That's how you'll know if your marketing efforts are really working, or if you need to go back to the drawing board and try something new.
Recently, I was introduced to a new ROI calculating service called KeywordTool. It covers both pay-per-click engines
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To write the article, I interviewed Chris Genge of KeywordTool (http://www.keywordtool.net), and he took me on a tour of the service itself.
Question: Please explain what KeywordTool is and what it really does.
Chris: "Deciding which keywords best suit each Web site and which ones specifically will generate sales/conversions is perhaps the toughest job in SEO. Tools like Word Tracker are a great help in narrowing down keyword selection, but then what'
"In the past, decisions were not based on facts but mostly speculation. This gave people no alternative but to promote or bid on larger keyword groups. We used a shotgun approach in hopes of increasing sales, with no way of telling which keywords were adding to our bottom line!
"A common saying in advertising is: `In any good campaign, 50% of all advertising dollars are wasted, but which 50%'' KeywordTool can answer this question for keyword promotion campaigns.
"KeywordTool's tracking service tracks the conversion or sales performance of keywords on search and pay- per-click engines, showing which keyword phrases are actually converting into customers and from which search engines. It is not a visitor tracker; instead, it determines keyword performance.
"With this keyword referral/conversion rate information, one can then fine tune their keyword choices and streamline promotion and bidding expenses to increase efficiency, sales, and profits, or in other words...the bottom line.
"KeywordTool is an online service that gathers information about your Web site referrals and sales/conversions. Using your private user name and password, you can then access the stats so you can review the information and make informed decisions about how to continue your online promotion.
"KeywordTool is designed for use with SEO and Pay-Per- Click (PPC) campaigns. It's well suited for both."
Question: Is there a way that we can see a demo of how the service really works'
Chris: "Go to http://www.keywordtool.net At the top of the page, you will see the log in. Use the username of "keywordtool" and password of "demo" to access the demo.
"The first page is the list of search engines that have sent referrals to the specific Web site you wish to have monitored. Only search engines that have sent a referral will appear on the listed sites. New search engines will appear as referrals are sent.
"The `Create details' or `Edit details' in the first column is where you would click to configure your search engine settings. This is where you tell KeywordTool what your average cost per click is for each search engine you want to calculate. This can be filled out after some data has been gathered.
"The search engine column is the list of only those search engines that have referred visitors to your Web site. You will notice that KeywordTool will also differentiate between regions for those search engines that are regionalized.
"The Column marked "Clicks" tells you the total number of referrals sent by each SE.
"PPC is the average price per click you have set for yourself. For those using this for SEO, this can be left blank. The PPC can be changed or added at any time, allowing you to re-calculate your PPC using new information.
"CONV is the number of conversions you have received from that particular search engine. The details about the number of conversions are at the next level.
"You can define what a conversion is:
-A "SALE" -A subscription -Downloading a file -Filling out a form -Or anything you consider to be an acquisition
"The CONV% is where KeywordTool calculates the percentage of conversions based on the number of referrals received from that search engine. It's really just a performance guide of the search engine for the keywords you have listings for.
"PPA is the `price per acquisition.' It tells you how much each new customer ......
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